How Much Cryptocurrency Has Been Withdrawn From Coinbase After The SEC Litigation? Here’s the Data…

Yesterday the SEC Binance and its CEO CZToday, just like after the lawsuit he filed against coinbase After the lawsuit, withdrawals from Coinbase increased.

Analysis firm examining Coinbase outlets nansenAccording to , in about 1 hour since the SEC sued Coinbase, users were on multiple chains from Coinbase. Bitcoin (BTC) Withdrawal of more than $57.7 million.

Nansen paid $43.1 million of these shots. Coinbase Custody’He said he came from.

“First Binance, now Coinbase…

Since the SEC announced it was suing Coinbase, users have withdrawn more than $57.7 million from the exchange across multiple chains, excluding Bitcoin. Of that, $43.1 million is from Coinbase Custody.”

First Binance, now Coinbase…

Since the SEC announced that they’re suing Coinbase, users have pulled out over $57.7M across multiple chains from the exchange, excluding Bitcoin. $43.1M of this is from Coinbase Custody.https://t.co/KYiQjILUNS pic.twitter.com/5zV1SUoa6i

— Nansen 🧭 (@nansen_ai) June 6, 2023

These exits came after the SEC sued Coinbase, the largest US cryptocurrency exchange, stating that it violated securities laws.

The SEC claimed that Coinbase was acting as an unregistered broker and making billions of dollars by illegally facilitating the trading of cryptocurrencies.

The SEC also claimed in the Coinbase case that some altcoins are securities, as in the Binance case.

These altcoins “SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH and NEXO” listed as.